By Vicki Needham - 07/21/10 07:09 PM EDT
Some lawmakers are requesting the meeting before the August recess as a way to boost consumer confidence.
Republicans are calling for the extension of the tax cuts for all income levels, while some Democrats are suggesting that the cuts for those making $250,000 a year or more should be allowed to expire as middle-class tax cuts are held in place.
While Democrats have mixed feelings about raising taxes as the economy recovers from a protracted recession, others are convinced at least some of those cuts should be allowed to expire.
House Ways and Means Chairman Sandy Levin (D-Mich.) told The Hill on Wednesday that he is firmly against extending the tax cuts benefiting the wealthy.
“My own view is that the high-income brackets should be allowed to expire,” he said. “I just think that the evidence is that the very wealthy have done, by and large, very well while the middle-income taxpayers have not.”
—Jay Heflin contributed to this story.